2802 148th Street SW, Lynnwood, WA 98087

Property Description

17-UNIT TOWNHOME DEVELOPMENT – PRELIMINARY UNIT LOT SUBDIVISION APPROVED. Exceptional opportunity to acquire an advanced 17-unit townhome project in a prime Lynnwood location. The 17-Unit Preliminary Unit Lot Subdivision is approved, significantly reducing entitlement time and development risk. The Land Disturbing Activity (LDA) permit is in final review, with approval expected soon. Project consists of two 6-unit buildings and one 5-unit building with modern 3-story, 3- and 4-bedroom townhomes ranging from approx. 1,307–1,652 SF with attached garages and private outdoor spaces. Complete architectural plans and structural design for all three buildings are included with the sale, along with available civil, site, engineering and supporting project documents. This is not a raw-land development concept. The primary subdivision approval is in place, the LDA is nearing completion, and architectural and structural design is complete, providing a clear path toward final permits and construction. Excellent Lynnwood location with convenient access to I-5, light rail, shopping, dining, schools and major commuter routes. An exceptional opportunity for a builder or developer to avoid much of the time, cost and uncertainty associated with taking raw land through planning, entitlement and design